Regulatory Impact on Small Business Establishments

American Action Forum (AAF) research examines the private sector implications of regulatory cost burdens. In particular, we analyze the cumulative effect of regulations on the number of businesses for a range of establishment sizes and find that regulatory costs have a highly regressive impact on private industries. Specifically, with a 10 percent increase in cumulative regulatory costs, there is a 5 to 6 percent fall in the number of businesses with fewer than 20 workers.

93 Power Plants in Danger from EPA’s Climate Rule

According to the Environmental Protection Agency’s (EPA) own estimates, its proposed power plant regulation could eliminate one-fifth of existing coal generation facilities and 80,000 energy jobs. The regulation, set for final publication this summer, would regulate emissions at existing coal and natural gas power plants, while also ensuring that consumer use less energy from coal facilities. Based on American Action Forum (AAF) research, this means that more than 90 coal-fired power plants could be retired across the country. Secondary employment impacts suggest that EPA’s power plant regulation could eliminate 296,000 jobs, about the population of Cincinnati, Ohio and more than the total number of jobs the economy created in February 2015.

Regulatory Burden of Tax Day 2015

As Tax Day approaches, approximately 150 million Americans will have to undergo the thankless task of complying with the nation’s broken tax code. The data on the cost and the time it takes the average taxpayer to comply with Internal Revenue Service (IRS) forms are truly staggering. To put IRS’s 7.3 billion hours in perspective, it would take 3.67 million Americans (more than the population of Chicago) working 2,000 hours annually to complete these requirements.

Three Strikes…

Web-content provider Matthew Yglesias recently decided to take a stroll down memory lane to the Bush years, and surprise surprise, is none too pleased. Yglesias dusts off the tired trope that the Bush Administration is essentially to blame for the continued sorrowful economy through, “Tax cuts, deregulation, and bailouts, too.” He further asserts that the Bush Administration was a “historically great administration for Wall Street.” This charge has been repeated in some form or another by the current administration and their surrogates emphatically and often. Unfortunately, nobody has been willing to hold them accountable on the substance of this claim.

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